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  3. 1. a company entered into the following transactio

1. A company entered into the following transactions concerning its computer system: On January 1,...

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Accounting

1. A company entered into the following transactions concerning its computer system: On January 1, 2010 purchased a computer system that cost $580,000. The estimated useful life of the computer is 3 years and salvage value is $40,000. Calculate the first years depreciation using (1) St. Line and (2) Double Declining Balance.

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